Saudi Arabia farm equipment market | Country-Wise Share and Competition Analysis
In the year 2021, Germany was the largest exporter in terms of value, followed by Italy. It has registered a growth of 235.41% over the previous year. While Italy registered a growth of 1507.73% as compared to the previous year. In the year 2017, Germany was the largest exporter followed by the Netherlands. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Saudi Arabia has a Herfindahl index of 2176 in 2017 which signifies moderately concentrated also in 2021 it registered a Herfindahl index of 1998 which signifies moderately concentrated in the market.
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Saudi Arabia farm equipment market - Export Market Opportunities
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Topics Covered in Saudi Arabia Farm Equipment Market Report
Saudi Arabia Farm Equipment Market report thoroughly covers the market by power output, drive type, by function and equipment type. The outlook report provides an unbiased and detailed analysis of the ongoing Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Saudi Arabia Farm Equipment Market Synopsis
Saudi Arabia Farm Equipment Market is predicted to grow in the forecast year. There is an increase in demand for agricultural products due to the rapid expansion in population. The various government initiatives to boost productivity in agriculture have fuelled the growth of the market. There is encouragement of private investment in the market to develop the agriculture sector.
According to 6Wresearch, Saudi Arabia Farm Equipment Market size is anticipated to grow during 2023-2029. The growth and development of the market can be attributed to various factors. The various government initiatives for local food production is the key driver for the growth of the market. The market is witnessing a rise in private sector investment, which has resulted in increasing completion within the industry. There is increasing adoption of the technology in the farming sector. There is the emergence of GPS-enabled tractors and drones to enhance crop output. There is a shift in consumer preference towards organic farming and it6 has extensively influenced the growth of the market. Some challenges are existing in the market. The lack of proper infrastructure is one of the major challenges as the storage and transportation of equipment becomes difficult. Water is scarce in the country which widely affects crop production and quality and this has made it essential for the farmer to plan the process of irrigation effectively and these factors have impacted the Saudi Arabia Farm Equipment Industry.
COVID-19 Impact on Saudi Arabia Farm Equipment Market
The COVID-19 pandemic had a major impact on various sectors, including the Farm Equipment Market in Saudi Arabia. The agricultural sector of the country suffered immensely due to supply chain interruption and delays due to the close down of borders as the market is highly dependent on imported machinery. There was a decrease in the demand for new equipment due to lockdown measures and farming activities were hugely impacted. The used farm equipment saw a significant demand in the market as the farmers were opting for cost-effective solutions during uncertain times. There was limited labor availability due to travel restrictions and social distancing protocols imposed by the government.
Saudi Arabia Farm Equipment Market: Key Players
These are the notable players in the market who cater to the various needs of the farmers and it leads to an increase in Saudi Arabia Farm Equipment Market Share.
- Al-Ghalbi International Company
- Al-Khorayef Group
- Arabian Auto Agency Co. Ltd. (AGRICAR)
- Almarai Company
- Al-Rashed Group
- Hadi Hamad Al-Hammam Est.
- Zahid Tractor and Heavy Machinery Company
Market By Drive Type
According to Shivankar, Research Manager, 6Wresearch On the basis of drive type the market is segmented into Two-Wheel and Four-Wheel. Both segments are expected to dominate the market due to their extensive use in different activities of agriculture based on farm size and crop type.
Market By Function Type
On the basis of function type, the market is segmented into Plowing & Cultivating, Sowing & Planting, Plant Protection & Fertilizing, Harvesting & Threshing, and Others. Plowing & Cultivating will dominate the market due to catering to the various needs of the farmers and it will stimulate Saudi Arabia Farm Equipment Market Growth.
Market by Equipment Type
On the basis of Equipment Type, the market is segmented into tractors, Combines, Sprayers, Balers, and Others. Tractors are expected to have a significant share in the market as it suits various farming needs.
Key attractiveness of the report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2019 to 2022.
- Base Year: 2022.
- Forecast Data until 2029.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- Saudi Arabia Farm Equipment Market Outlook
- Market Size of Saudi Arabia Farm Equipment Market, 2022
- Forecast of Saudi Arabia Farm Equipment Market, 2029
- Historical Data and Forecast of Saudi Arabia Farm Equipment Revenues & Volume for the Period 2019 - 2029
- Saudi Arabia Farm Equipment Market Trend Evolution
- Saudi Arabia Farm Equipment Market Drivers and Challenges
- Saudi Arabia Farm Equipment Price Trends
- Saudi Arabia Farm Equipment Porter's Five Forces
- Saudi Arabia Farm Equipment Industry Life Cycle
- Historical Data and Forecast of Saudi Arabia Farm Equipment Market Revenues & Volume By Power Output for the Period 2019 - 2029
- Historical Data and Forecast of Saudi Arabia Farm Equipment Market Revenues & Volume By <30 HP for the Period 2019 - 2029
- Historical Data and Forecast of Saudi Arabia Farm Equipment Market Revenues & Volume By 31-70 HP for the Period 2019 - 2029
- Historical Data and Forecast of Saudi Arabia Farm Equipment Market Revenues & Volume By 71-130 HP for the Period 2019 - 2029
- Historical Data and Forecast of Saudi Arabia Farm Equipment Market Revenues & Volume By 131-250 HP for the Period 2019 - 2029
- Historical Data and Forecast of Saudi Arabia Farm Equipment Market Revenues & Volume By >250 HP for the Period 2019 - 2029
- Historical Data and Forecast of Saudi Arabia Farm Equipment Market Revenues & Volume By Drive Type for the Period 2019 - 2029
- Historical Data and Forecast of Saudi Arabia Farm Equipment Market Revenues & Volume By Two-wheel for the Period 2019 - 2029
- Historical Data and Forecast of Saudi Arabia Farm Equipment Market Revenues & Volume By Four-wheel for the Period 2019 - 2029
- Historical Data and Forecast of Saudi Arabia Farm Equipment Market Revenues & Volume By Function for the Period 2019 - 2029
- Historical Data and Forecast of Saudi Arabia Farm Equipment Market Revenues & Volume By Plowing & Cultivating for the Period 2019 - 2029
- Historical Data and Forecast of Saudi Arabia Farm Equipment Market Revenues & Volume By Sowing & Planting for the Period 2019 - 2029
- Historical Data and Forecast of Saudi Arabia Farm Equipment Market Revenues & Volume By Plant Protection & Fertilizing for the Period 2019 - 2029
- Historical Data and Forecast of Saudi Arabia Farm Equipment Market Revenues & Volume By Harvesting & Threshing for the Period 2019 - 2029
- Historical Data and Forecast of Saudi Arabia Farm Equipment Market Revenues & Volume By Others for the Period 2019 - 2029
- Historical Data and Forecast of Saudi Arabia Farm Equipment Market Revenues & Volume By Equipment Type for the Period 2019 - 2029
- Historical Data and Forecast of Saudi Arabia Farm Equipment Market Revenues & Volume By Tractors for the Period 2019 - 2029
- Historical Data and Forecast of Saudi Arabia Farm Equipment Market Revenues & Volume By Combines for the Period 2019 - 2029
- Historical Data and Forecast of Saudi Arabia Farm Equipment Market Revenues & Volume By Sprayers for the Period 2019 - 2029
- Historical Data and Forecast of Saudi Arabia Farm Equipment Market Revenues & Volume By Balers for the Period 2019 - 2029
- Historical Data and Forecast of Saudi Arabia Farm Equipment Market Revenues & Volume By Others for the Period 2019 - 2029
- Saudi Arabia Farm Equipment Import Export Trade Statistics
- Market Opportunity Assessment By Power Output
- Market Opportunity Assessment By Drive Type
- Market Opportunity Assessment By Function
- Market Opportunity Assessment By Equipment Type
- Saudi Arabia Farm Equipment Top Companies Market Share
- Saudi Arabia Farm Equipment Competitive Benchmarking By Technical and Operational Parameters
- Saudi Arabia Farm Equipment Company Profiles
- Saudi Arabia Farm Equipment Key Strategic Recommendations
Market Covered
The report offers a comprehensive study of the subsequent market segments
By Power Output
- 30 HP
- 31“70 HP
- 71130 HP
- 131250 HP
- >250 HP
By Drive Type
- Two-Wheel
- Four-Wheel
By function Type
- Plowing & Cultivating
- Sowing & Planting
- Plant Protection & Fertilizing
- Harvesting & Threshing
- Others
By Equipment type
- Tractors
- Combines
- Sprayers
- Balers
- Others
